# Canadian Dollar Suffers Its Biggest Drop Since January After Unexpected Job Losses

> The Canadian dollar fell 0.8% against the US dollar on Friday, its largest daily decline since January, after Canadian data showed job losses for a third consecutive month. October employment fell by 4,700 and unemployment rose to 6.7%, reducing market expectations for a December Bank of Canada rate hike.

- Date: 2026-11-06 · published 2026-11-07T03:11:34.493Z
- Category: macro · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/85431-canadian-dollar-suffers-its-biggest-drop-since-january-after-unexpected-job
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Weaker employment and lower expectations for interest-rate increases put downward pressure on the Canadian dollar, making US-dollar-priced imports more expensive for Canadian buyers.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- be.marketscreener.com: https://be.marketscreener.com/beursnieuws/canadese-dollar-beleeft-grootste-daling-sinds-januari-na-onverwacht-banenverlies-ce785fd2dd8af427

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.